Hello guys,
I finally had the time to properly comment the charts and post my session of today. The trade was particularly lucky, don't expect to see many other pops like that. The afternoon wasn't so meaningful but I still included it with some comments.
Some recap of the strategy and settings:
- EUR/USD 5-min;
- 25 EMA;
- 50-levels as round numbers of significance (example: 1.0800 and 1.0850 are 50-levels);
- 200 pips vertical scale;
- 8 hours (96 bars) horizontal scale;
- 10 pips net SL, 20 pips net TP, 1 pip commission (even if I pay a little less). So the prices need to travel 21 pips to reach TP and 9 to reach SL;
- setups of the second book (pattern break, pattern break pullback, pattern break combi, pullback reversal, trade for failure);
- manual exits of the second book (news report, resistance and reversal);
- arrows mark the entry candle, a check (V) marks the candle in which the TP is reached, similarly a cross (X) for the SL and a star for manual exits (either in profit or loss).
For Kamuntu, the trades aren't bad. Maybe the thin buildup in the first one and the M to the left in the second trade are some concerns, but I think they were doable after all. What I would have done is trailing more sharply, in particular in the first trade. I think there wasn't much point in staying in after the first pullback low was broken by another bearish power bar.
I finally had the time to properly comment the charts and post my session of today. The trade was particularly lucky, don't expect to see many other pops like that. The afternoon wasn't so meaningful but I still included it with some comments.
Some recap of the strategy and settings:
- EUR/USD 5-min;
- 25 EMA;
- 50-levels as round numbers of significance (example: 1.0800 and 1.0850 are 50-levels);
- 200 pips vertical scale;
- 8 hours (96 bars) horizontal scale;
- 10 pips net SL, 20 pips net TP, 1 pip commission (even if I pay a little less). So the prices need to travel 21 pips to reach TP and 9 to reach SL;
- setups of the second book (pattern break, pattern break pullback, pattern break combi, pullback reversal, trade for failure);
- manual exits of the second book (news report, resistance and reversal);
- arrows mark the entry candle, a check (V) marks the candle in which the TP is reached, similarly a cross (X) for the SL and a star for manual exits (either in profit or loss).
For Kamuntu, the trades aren't bad. Maybe the thin buildup in the first one and the M to the left in the second trade are some concerns, but I think they were doable after all. What I would have done is trailing more sharply, in particular in the first trade. I think there wasn't much point in staying in after the first pullback low was broken by another bearish power bar.
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